Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 669 — Asset ceasing to be held for qualifying purposes etc
Asset ceasing to be held for qualifying purposes etc 669 1 This section applies if a club holds any asset (within the meaning of TCGA 1992) and, without disposing of it (within the meaning of that…
Section 670 — Notification of HMRC decision
Notification of HMRC decision 670 An officer of Revenue and Customs must notify the club of any decision— a to register it as a registered club, b to refuse to register it as a registered club, or c…
Section 671 — Appeals
Appeals 671 1 A club may appeal against a decision of any officer of Revenue and Customs in relation to its application, or registration, as a registered club. 2 Notice of the appeal must be given in…
Section 672 — Overview of Part
Overview of Part 672 1 Chapter 2 restricts relief for trading losses in some cases where there is a change in the ownership of a company. 1A Chapter 2A restricts relief in some further cases…
Section 673 — Introduction to Chapter
Introduction to Chapter 673 1 This Chapter applies if— a there is a change in the ownership of a company (“ the company ”), and b condition A or B is met. 2 Condition A is that within any period…
Section 674 — Disallowance of trading losses
Disallowance of trading losses 674 1 In calculating the company's taxable total profits of an accounting period beginning before the change in ownership, no relief may be given under section 37 or 42…
Section 674A — Section 674: exception for certain losses of ring fence trade
Section 674: exception for certain losses of ring fence trade 674A 1 Section 674 does not prevent relief being given for a loss if— a the loss is made in a ring fence trade, b the loss is not a…
Section 675 — Disallowance of trading losses: calculation of balancing charges
Disallowance of trading losses: calculation of balancing charges 675 1 The following provisions apply if relief in respect of the company's losses is restricted because of section 674(2). 2 In…
Section 676 — Company reconstructions
Company reconstructions 676 1 Subsection (2) applies if, before the change in ownership— a a trade carried on by another company (“the predecessor company”) is transferred to the company, and b the…
Section 676AA — Introduction to Chapter
Introduction to Chapter 676AA 1 This Chapter applies if conditions 1 and 2 are met. 2 Condition 1 is that on or after 1 April 2017 there is a change in the ownership of a company (“the transferred…
Section 676BA — Introduction to Chapter
Introduction to Chapter 676BA 1 This section applies if there is a change in the ownership of a company (“ the company ”) on or after 1 April 2017 and— a conditions 1 and 2 are met, or b condition 3…
Section 676CA — Introduction to Chapter
Introduction to Chapter 676CA 1 This Chapter applies if on or after 1 April 2017 there is a change in the ownership of a company (“the transferred company”). 2 In this Chapter— “ the change in…
Section 676DA — Introduction to Chapter
Introduction to Chapter 676DA 1 This section applies if— a there is a change in the ownership of a company (“ the company ”) on or after 1 April 2017, and b the following are met— conditions 1 and 2,…
Section 676EA — Introduction to Chapter
Introduction to Chapter 676EA 1 This Chapter applies if on or after 1 April 2017 there is a change in the ownership of a company (“the transferred company”). 2 In this Chapter— “ the change in…
Section 676AB — Priority of provisions of Chapters 2 and 3 over this Chapter
Priority of provisions of Chapters 2 and 3 over this Chapter 676AB 1 If and so far as — a a relevant provision of this Chapter, and b a relevant provision of Chapter 2 or 3, would each (if the other…
Section 676BB — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 676BB 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 676CB — Restriction on surrender of carried-forward losses
Restriction on surrender of carried-forward losses 676CB 1 Subsection (3) applies if a company (“the claimant company”) would, (apart from this section), be eligible under Part 5A to make a relevant…
Section 676DB — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 676DB 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 676EB — Restriction on use of trade losses carried-forward on transfer of trade
Restriction on use of trade losses carried-forward on transfer of trade 676EB 1 Subsection (2) applies if— a the transferred company transfers a trade to another company (“ the successor company ”)…
Section 676AC — “Major change in the business” of a company
“Major change in the business” of a company 676AC 1 In this Chapter references to a “major change in the business” of a company include— a a major change in the nature or conduct of any trade or…
Section 676BC — Disallowance of relief for trade losses
Disallowance of relief for trade losses 676BC 1 This section has effect for the purposes of restricting relief under sections 45A, 45F and 303C of this Act and section 124B of FA 2012 for a loss made…
Section 676CC — Cases where consortium condition 1 or 2 was previously met
Cases where consortium condition 1 or 2 was previously met 676CC 1 Subsection (4) applies in relation to a claim for group relief for carried-forward losses by the transferred company if conditions A…
Section 676DC — Disallowance of group relief for carried-forward losses
Disallowance of group relief for carried-forward losses 676DC 1 This section has effect for the purposes of restricting relief under Chapter 3 of Part 5A (group relief for carried-forward losses). 2…
Section 676EC — Restriction on surrender of trade losses carried forward on transfer of trade
Restriction on surrender of trade losses carried forward on transfer of trade 676EC 1 This section applies if— a the transferred company or a co-transferred company transfers a trade to another…
Section 676AD — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 676AD 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 676BD — Meaning of “the relevant provisions”
Meaning of “the relevant provisions” 676BD In this Chapter “ the relevant provisions ” means— a section 8(1) of, and Schedule 7A to, TCGA 1992 (amounts included in respect of chargeable gains in…
Section 676CD — Cases where consortium condition 3 or 4 was previously met
Cases where consortium condition 3 or 4 was previously met 676CD 1 If the requirement in subsection (3) is met, section 676CB(3) does not prevent a company from making under section 188CC a claim for…
Section 676DD — Meaning of “the relevant provisions”
Meaning of “the relevant provisions” 676DD In this Chapter “ the relevant provisions ” means— a section 8(1) of, and Schedule 7A to, TCGA 1992 (amounts included in respect of chargeable gains in…
Section 676ED — Indirect transfers of a trade
Indirect transfers of a trade 676ED 1 Subsections (2) and (3) apply if a trade transferred by the transferred company or a co-transferred company is transferred on a subsequent occasion to another…
Section 676AE — “Affected profits”
“Affected profits” 676AE 1 This section has effect for the purposes of this Chapter. 2 Profits of an accounting period ending after the change in ownership are “affected profits” if and so far as— a…
Section 676BE — Meaning of “amount of profits which represents a relevant gain”
Meaning of “amount of profits which represents a relevant gain” 676BE 1 In this Chapter, the amount of any profits which represents a relevant gain is found by comparing— a the amount (“Y”) of the…
Section 676CE — Exceptions to restrictions
Exceptions to restrictions 676CE 1 Nothing in section 676CB(3) or 676CC affects the giving of group relief for carried-forward losses by the making of a deduction under section 188CK(1) from total…
Section 676DE — Meaning of “amount of profits which represents a relevant gain”
Meaning of “amount of profits which represents a relevant gain” 676DE 1 In this Chapter, the amount of any profits which represents a relevant gain is found by comparing— a the amount (“Y”) of the…
Section 676EE — Interpretation of Chapter
Interpretation of Chapter 676EE 1 Section 940B (meaning of “transfer of trade” and related expressions) applies for the purposes of this Chapter as it applies for the purposes of Chapter 1 of Part…
Section 676AF — Restriction on use of carried-forward post-1 April 2017 trade losses
Restriction on use of carried-forward post-1 April 2017 trade losses 676AF 1 A loss made by the transferred company in an accounting period beginning before the change in ownership may not be…
Section 676CF — Cases where Chapter 2, 2A or 3 also applies
Cases where Chapter 2, 2A or 3 also applies 676CF 1 This section applies if— a Chapter 2 applies in relation to the change in ownership by virtue of condition A in section 673 being met, b Chapter 2A…
Section 676AG — Restriction on debits to be brought into account
Restriction on debits to be brought into account 676AG 1 This section has effect for the purpose of restricting the debits to be brought into account for the purposes of Part 5 of CTA 2009 (loan…
Section 676CG — “Affected profits”
“Affected profits” 676CG 1 This section has effect for the purposes of section 676CF. 2 Profits of an accounting period ending after the change in ownership are “affected profits” if and so far as— a…
Section 676AH — Restriction on the carry forward of post-1 April 2017 non-trading deficit from loan relationships
Restriction on the carry forward of post-1 April 2017 non-trading deficit from loan relationships 676AH 1 This section has effect for the purpose of restricting the carry forward under Chapter 16A of…
Section 676CH — “Relevant pre-acquisition loss”
“Relevant pre-acquisition loss” 676CH 1 In this Chapter “ relevant pre-acquisition loss ” means— a a non-trading deficit from loan relationships for an accounting period beginning before the change…
Section 676AI — Restriction on relief for post-1 April 2017 non-trading loss on intangible fixed assets
Restriction on relief for post-1 April 2017 non-trading loss on intangible fixed assets 676AI 1 This section has effect for the purpose of restricting relief under section 753 of CTA 2009 (treatment…
Section 676CI — Interpretation of Chapter
Interpretation of Chapter 676CI 1 In this Chapter “ co-transferred company ” means any company which is related to the transferred company both immediately before and immediately after the change in…
Section 676AJ — Restriction on deduction of post-1 April 2017 expenses of management
Restriction on deduction of post-1 April 2017 expenses of management 676AJ 1 This section has effect for the purpose of restricting deductions for post-1 April 2017 relevant expenses of management of…
Section 676AK — Restriction on use of post-1 April 2017 UK property business losses
Restriction on use of post-1 April 2017 UK property business losses 676AK 1 This section has effect for the purpose of restricting relief under sections 62 and 63 for a relevant UK property business…
Section 676AL — “Co-transferred company” and “related company”
“Co-transferred company” and “related company” 676AL 1 In this Chapter “ co-transferred company ” means any company which is related to the transferred company both immediately before and immediately…
Section 677 — Introduction to Chapter
Introduction to Chapter 677 1 This Chapter applies if— a there is a change in the ownership of a company with investment business (“ the company ”), and b condition A, B or C is met. 2 Condition A is…
Section 678 — Notional split of accounting period in which change in ownership occurs
Notional split of accounting period in which change in ownership occurs 678 1 This section applies for the purposes of this Chapter. 2 The accounting period in which the change in ownership occurs…
Section 679 — Restriction on debits to be brought into account
Restriction on debits to be brought into account 679 1 This section has effect for the purpose of restricting the debits to be brought into account for the purposes of Part 5 of CTA 2009 (loan…
Section 680 — Restriction on the carry forward of non-trading deficit from loan relationships
Restriction on the carry forward of non-trading deficit from loan relationships 680 1 This section has effect for the purpose of restricting the carry forward of a non-trading deficit from the…
Section 681 — Restriction on relief for non-trading loss on intangible fixed assets
Restriction on relief for non-trading loss on intangible fixed assets 681 1 This section has effect for the purpose of restricting relief under section 753 of CTA 2009 (treatment of non-trading…